Archive | 2.33

Fluctuation

30 Jul

Fluctuations in currency between CAD and USD played a big factor in my Visa play.  If currency stayed at the same level, I would have sold out at $475 gain.  But with conversion it was only $80 in profits after commissions.  So I stuck it out with holding for a little bit.  Thursday alone, Visa dropped $3.20 basis points… back to the exact amount I had bought into a while back.  Sad reality is just a waiting game.

The market see no bounds.  It will take a sharp turn in an instant.  Buyers jump in at the right opportunity, sellers trigger massive fear of a downfall.  Get the timing spot on, you will be laughing to the bank.